Avient Corp - Company Profile
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Business Description
Avient Corp (Avient) provides specialized polymer materials, services and solutions. It specializes in specialty engineered materials, advanced composites, color and additive systems and polymer distribution.
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R&D Overview
The company’s R&D efforts focus on developing new product formulations, evaluating alternative raw materials, providing technology to improve products, processes and applications. Avient operates research and development centers, which are equipped with advanced analytical, synthesis, polymer characterization and testing equipment. The facilities are also equipped with pilot plants and polymer manufacturing operations that simulate specific production processes that allow the company to translate new technologies into new products. It has innovation centers in China, South Korea, Germany, France, Belgium, the UK and the US. In FY2024, the company spent US$98.7 million on R&D, which was 3% of its revenue and grew 9.3% YoY.
Business Segments
Overview
Provides specialized custom color and additive concentrates in solid and liquid form for thermoplastics; dispersions for thermosets; and specialty inks, plastisols and vinyl slush molding solutions. Color and additive solutions consists of array of colors, special effects and performance-enhancing and eco-friendly solutions. Colorant and additives concentrates are used in polymers, including medical and pharmaceutical devices, food packaging, personal care and cosmetics, transportation, building products, wire and cable markets. Custom-formulated liquid systems meet customer needs and chemistries, including polyester, vinyl, natural rubber and latex, polyurethane and silicone. Offerings also include proprietary inks and latexes for diversified markets such as recreational and athletic apparel, construction and filtration, outdoor furniture and healthcare. Manufacturing, sales and service facilities across North America, South America, Middle East, Africa Europe, and Asia. In FY2024, the segment incurred a capital expenditure of US$33.6 million, which declined 57% YoY.
Performance
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Overview
Offers specialty polymer formulations, services and solutions for designers, assemblers and processors of thermoplastic materials across markets and end-use applications. Product portfolio includes specialty formulated high-performance polymer materials, and composite platform of solutions, which include products from long glass and carbon fiber technology to thermoset and thermoplastic composites. Manufacturing, sales and service facilities across North America, Europe, and Asia Operates innovation Centers in the US, Germany and China. In FY2024, the segment incurred a capital expenditure of US$48.7 million, which decreased 2.8% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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